Director of Real Estate
City: Saint Paul, MN
Salary: Hours and Compensation Hours: 32-40 hours per week, contract position; Compensation: $55,000-$80,000, depending on qualifications and experience
The Director of Real Estate is responsible for leading the planning and development of specific programs or projects as requested by the Real Estate Committee as empowered by the Creative Enterprise Zone (CEZ) Board of Directors. This work will include the selection of potential projects, feasibility analysis of various real estate opportunities, brokering of real estate transactions, leasing and management of property, and the development of properties.
This position will work directly with various non profit organizations, local businesses and property owners to help preserve and expand a vibrant creative economy through property development, community engagement and outreach strategies. The Director of Real Estate will build and maintain constructive relationships with neighborhood stakeholders, public and private financing partners, government agency staff, and public officials able to advance CEZ’s Real Estate Goals
The Director will be mentored and supervised by board members of the CEZ Real Estate committee along with Seward Redesign to ensure that all necessary licenses, skill sets and expertise is obtained to perform this work.
Project Planning & Feasibility Analysis
Work with CEZ board, community planning committees and development partners to identify potential development opportunities and evaluate feasibility.
Work with public and private partners to identify, acquire, and develop properties, including preparation of financial proformas and applications, neighborhood and city review, supervision of design, bidding, and contractor selection, construction supervision, marketing, lease-up or sale and asset management.
Work with area business associations, trade groups, arts organizations, local businesses and property owners to identify tenants and available commercial space, to recruit businesses interested in locating or expanding operations in the area and to refer businesses for loans, technical assistance, business planning and employment resources. Tenant or buyer representation possible once real estate license is obtained.
Conduct outreach in the community to area businesses, and assist businesses with commercial improvement projects including technical assistance with government approvals and referrals for financing.
Asset and Property Management
Take primary responsibility for managing CEZ commercial properties, preparing and monitoring budgets, recruiting tenants, negotiating leases, completing leasehold improvements and monitoring receivables and payables.
Administrative and Fundraising
Perform administrative functions as assigned, including groundbreakings, planning meetings, brochures and reports, fundraising proposals as applicable, site visits and other events; share administrative tasks as needed to keep a small office functioning smoothly.
Attend board and committee meetings of the CEZ and local governmental meetings as appropriate.
Activities and Opportunities include:
• Development of commercial property
• Project capital and operational financial modeling
• Site Evaluation
• Tenant/Buyer representation as Licensed Commercial Realtor
• Community engagement
• Federal, state and local government relations
• Architectural and engineering design input, review and due diligence
• Lender and investor relations, selection and negotiation
• Mentorship with Sr Project Manager at Seward Redesign as needed
• Paid training to acquire Real Estate license
Qualifications or requirements
Preferred Qualifications and Characteristics
• Minimum 3-5 years experience in the creative or community development sectors.
• Familiarity with public and private development financing a plus. Confidence managing budgets is required.
• Real Estate License a plus. If not already held, must be obtained as part of position.
• Experience evaluating contracts and managing construction a plus.
• Must be able to work independently.
• Demonstrated ability to manage complex projects from concept to completion, including strong problem solving skills, initiative and perseverance.
• Demonstrated ability to work with people of diverse backgrounds and origins.
• An open, engaging work style, a good sense of humor and a balanced perspective.
• Solid computer skills in Word and Excel.
• A positive attitude toward community involvement and input and comfort in making presentations at community meetings and other public venues.
• Willingness and demonstrated aptitude to learn technical skills and interest in Real Estate as a tool of community development are more important than prior experience in individual areas.
How to apply
We will begin reviewing applications on May 1, 2019. Interested applicants should send a resume and cover letter to email@example.com.